Hi,
I work in a small design firm in the west of Ireland and was told last week that the company was going into liquidation. I subsequently heard that a new company was going to be formed instead of the old one soon after and that some of us may be asked to to work in it.
I just need to know liabilities we have (in the existing company) before we liquidate and start up again. I am not so niave to believe that we can simply liquidate with debts and then form a new company without some obligation or financial penalty.
Any help to undersatand the legal obligations would be appreciated.
Christine.